Average residential sale price in July 2018 for Hamilton- Burlington region was up only 1.3 %. This is a continuation of an upward trend for the month of July over past ten years just as the graph above shows.
Residential freehold sales were 3.2% lower than July 2017 while condos, condominiums sales were 11.5 fewer.
Neighbourhoods and communities throughout the RAHB (region of Hamilton and Burlington) experienced very different results with house/condo prices and number of home sales.
Ancaster for example saw a slight increase in sales in July 2018 but a dip in the average house price.
Dundas Ontario similar to Ancaster saw an increase in sales but contrary to Ancaster average house price also went up.
Hamilton Mountain and Hamilton Centre followed the trend of significantly fewer sales in July 2018 compared to the last year but had an increase in house sale price.
Stoney Creek also followed the trend of fewer sales but the sale price went slightly up as well.
East Hamilton saw an increase in sales as well as in average house price.
| COMMUNITY/AREA | AVERAGE HOUSE PRICE | CHANGE IN HOUSE PRICE WITHIN A YEAR |
| ANCASTER | $699,990 | -10.7% |
| DUNDAS | $595,046 | 11.3% |
| STONEY CREEK | $540,890 | 1.2% |
| EAST HAMILTON | $388,958 | 11.4% |
| HAMILTON CENTRE | $387,228 | 16% |
| HAMILTON MOUNTAIN | $475,272 | 4% |
As illustrated on the graphs above real estate market in Hamilton is different between districts, communities and neighbourhoods.
As award winning experts in Hamilton-Burlington real estate markets with 50 combined experienced selling homes, we can help buyers and sellers navigate their way to a successful home buying or home selling experience.
Sutton Group Innovative Realty Inc. Brokerage
Location
1-1423 Upper Ottawa Street
Hamilton, ON, L8W 3J6
